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Euro Drops to Fresh 2012 Lows; Fear and Panic Dominate Trade

posted by Avatar InvestorsChoice 3 days ago in USD, EUR, JPY, GBP, CAD, AUD, Economic Indicators made popular 3 days ago

The Euro is also oversold and yet, given the fundamental outlook above, things could still get much uglier. Normally, we might recommend looking to fade the risk off trade, but given just how scary markets are right now, the best place is probably on ...  read more
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USD Index (USDX) Pushes Above 2012 High; 83.60 In Sight

posted by Avatar FXTimes 3 days ago in USD, Technical, Daily made popular 3 days ago

Risk aversion continues a firm grip on the markets and the USD continues to gain from safe haven flow. After consolidating briefing below 82.00, the USDX pushes above this resistance and 2012 high and is at the highest level sine September 2010.  read more
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EURUSD Looks Toward Years Key Low Levels

posted by Avatar ejc 3 days ago in EUR, Technical, Daily made popular 3 days ago

The prior post on the EURUSD outlined topside resistance against trend line and 38.2% resistance. The sellers entered a few pips ahead of the topside trend line resistance (at 1.2985 vs 1.2987) and the rotation back down resumed....more.  read more
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Daily Technical Strategist: EURUSD

posted by Avatar FXTechstrategy 3 days ago in EUR, Technical, Daily made popular 3 days ago

EURUSD: Having reversed its corrective recovery, the pair is on the verge of resuming its broader weakness.  read more
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BoE Minutes: MPC Split 8-1 On QE

posted by Avatar whatadous 3 days ago in USD, GBP, CAD made popular 3 days ago

Bank of England's Monetary Policy Committee (MPC) decided to halt GBP 325 billion bond purchase programme in May through a split vote, the minutes of the meeting showed Wednesday. Governor Mervyn King and seven other members voted to ...  read more
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Crude Oil Fundamental Analysis May 23, 2012, Forecast

posted by Avatar FXEmpire 4 days ago in Fundamental, Daily, Oil made popular 4 days ago

Analysis and Recommendations:

Crude Oil continued its decline, trading at 92.25 down 0.60. Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of  read more
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NZD/USD Fundamental Analysis May 23, 2012, Forecast

posted by Avatar FXEmpire 4 days ago in USD, NZD, Fundamental made popular 4 days ago

Analysis and Recommendation: (close of the Asian session)

The NZD/USD is trading at the end of the Asian session at 0.7669. The kiwi rallied almost 1 cent as investors digested the Group of Eight leaders’ pledge to support growth policies in  read more
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SUPPORT & RESISTANCE FOR MCX MARKET FOR TODAY

posted by Avatar kiran1010 4 days ago in Gold made popular 4 days ago

Gold Demand affected as rupee declineis to record new !!  read more
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US corn claws back part of 5 pct tumble

posted by Avatar butterscotch 4 days ago in USD, EUR, AUD, Commodities made popular 4 days ago

US Agriculture Department report released late Monday showed farmers were almost done with spring planting and that the corn crop was in good shape, which added a bearish tone over the markets. * USDA said on Monday afternoon that planting accelerated ...  read more
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Malaysia-Market factors to watch May 23

posted by Avatar cleojosh 4 days ago in all made popular 4 days ago

... April inflation flat ----------------------MARKET SNAPSHOT @ 0018 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1316.63 0.05% 0.640 USD/JPY 80.02 0.08% 0.060 10-YR US TSY YLD 1.7671 -- -0.010 SPOT GOLD 1562.86 -0.32% -5.040 US CRUDE ...  read more
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EU Summit result outlook May 23 2012

posted by Avatar stockmarket 4 days ago in EUR, Fundamental, Special made popular 4 days ago

Investors will also be watching whether European leaders can come up with fresh measures to contain the euro zone's debt crisis as the problem escalates from concerns about a Greek exit to Spain's banking instability.  read more
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Daily Forex Fundamentals - May 23, 2012

posted by Avatar krissylinne 4 days ago in USD, Fundamental, Daily made popular 4 days ago

Looks like the Greenback snatched back its crown as the king of pips! Check out my recap on what influenced price action yesterday.  read more